St Martins, the property arm of the Kuwait Investment Authority, has announced the appointment of Cleo Folkes as research manager for global markets. Folks will advise the company on global investment strategy and provide input on the evaluation of individual investment opportunities. Folks has been head of research at Allsop and worked for CB Richard Ellis, Savills, Knight Frank and IPD over the last 14 years.
Private asset management company Kryalos has completed the acquisition of a light industrial property in Rome, through its Mars fund.
